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Fastest growing countries, Bangladesh in Top 5: Muhith

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Fastest growing countries Bangladesh in Top 5: Muhith

DHAKA: Finance Minister AMA Muhith claimed that Bangladesh is in the list of five fastest growing countries in the world.

The minister came up with the disclosure to journalists at his secretariat office in the city Tuesday.

AMA Muhith said, “Bangladesh holds the fifth place as per its growth despite of facing many challenges from 2008.”

Top listed countries are China, Brazil, Singapore, Turkey and Bangladesh.

He also alleged that usually media misquote his comment.

Earlier in the day, Muhith had a meeting with the delegation of IMD Business School of Switzerland.
 
Last year at least 5 African countries had growth more than 8%
 
Muhith is smoking some good weed or he is cooking up the books. Man should resign, an utter useless finance minister.
 
This guy is such an embarrassment to the country...... Why is it that Bangladesh is cursed with such inept politicians...
 
Lol I didnt know Bengali weed was that effective. China, India, Nigeria there are million country growing faster than Bd.
 
Lol I didnt know Bengali weed was that effective. China, India, Nigeria there are million country growing faster than Bd.

As of 2012 (real world):

1. Qatar
Though there is a economic breakup throughout the world, Qatar has emerged as a balanced state. For the past several years it has hold the position of the fastest growing economy. Qatar has taken the credit of being the world’s highest growth rate of 18.7. Qatar’s economy is backed up by its oil companies which accounts for the half of the GDP.

2. Ghana
Ghana takes the second position in this list. Ghana is gifted with rich natural resources. Even its agriculture is responsible for the one-third of the GDP while service sector reports forty percent of GDP. Oil productions at the offshore jubilee field of Ghana, which started in 2010 is liable to increase the economic growth of the country.

3. Mongolia
Herding and agriculture are the traditional occupations of the region since time immemorial. In spite of this it has gone up to be among the leading economies with 11.5 GDP because it has mineral deposits and foreign investors have always shown interest in it.

4. Turkmenistan
Turkmenistan though maximum of its land is desert, Agriculture, gas and oil resources have help in the growth rate. Currently it has also started few foreign investments such as connecting China with its gas pipes increasing its growth rate to 9.9 GDP.

5. Iraq
Energy, construction and retail are the sectors which have benefited Iraq and has allowed it to refine its economy. Now the government of Iraq is in process of attaining certain additional foreign investments for the betterment of its people though its GDP growth rate is 9.6.

6. China
China is the sixth fastest growing major economy with 9.5 GDP. Unlike other countries they have taken a smarter technique of exporting finished goods to those nations from whom they have imported raw materials.

7. Papua New Guinea
Following China is Papua New Guinea with 9 GDP. In spite of the fact that it has an agricultural based economy oil, copper and gold has contributed to seventy two percent of its export.

8. Argentina
Next comes Argentina because of its maintained life quality and GDP per income. The country is profited by its export based agriculture and wide range industrial sector due to which it has attained 8.8 GDP.

9. Turkey
Turkey has 8.5 GDP and is the second last among the top ten fastest growing economies. Service sector and industries are the main factor behind its growth though thirty percent is also rendered by agriculture.

10. Sri Lanka
Tourism, tea export, apparel, textile, rice production and other agricultural products have made the economy of Sri Lanka secured and option for father future growth. Today it is the world’s ten fastest growing economy with 8.3 GDP.

Source: Top 10 Fastest Growing Economies of 2012 | Top 10 Of City

Did you go to the same school as our FM? Your counting ability seem to be on par with his.

Her former profession: Housewife.
 
Did you go to the same school as our FM? Your counting ability seem to be on par with his.

FM is a medical doctor. Definitely she is intelligent but not in politics or in foreign relation.

By the way if you are talking about Finance minister not foreign minister then he is Harvard graduate...
 
By the Finance Minister has talked about fastest growing economy from 2008 not just for 2012 and he said in the last 3 and half year Bangladesh has grown by 25.5%. Only 5 developing countries has achieved that growth.

angladesh among fastest growing countries: Muhith (Video)
Tue, 20/11/2012 - 2:59pm | by priyo.news

Finance Minister AMA Muhith on Tuesday claimed that Bangladesh is one of the fastest growing countries in the world since 2008.


Only four countries –- China, Singapore, Turkey and Brazil -- are doing better than us,” he told reporters at his secretariat office.

Muhith said Bangladesh has achieved 25.5 percent growth in the last three and a half years.
 
By the Finance Minister has talked about fastest growing economy from 2008 not just for 2012 and he said in the last 3 and half year Bangladesh has grown by 25.5%. Only 5 developing countries has achieved that growth.

It was a pretty irrelevant statement if you ask me. Especially in the midst of so many scandals, and a slowed down economy.

Though true, Bangladesh has done well during the 2008 economic crisis in the Western World. And the nation's RMG sector has very good prospects right now.

Does he need a pat on the back for more motivation? :D
 
It was a pretty irrelevant statement if you ask me. Especially in the midst of so many scandals, and a slowed down economy.

Though true, Bangladesh has done well during the 2008 economic crisis in the Western World. And the nation's RMG sector has very good prospects right now.

Does he need a pat on the back for more motivation? :D

Well he said that as he was angry on the media for not highlighting the achievement of the government and Bangladesh and pointed out that this is the reason why not foreign investment is not coming in the country.


Detail explanation is given in the video!!!
 
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bangladesh will see more gdp growth in the coming years. because of low labour costs ,low cost of production,boom in agriculture,good relations with regional n intr powers
 
Bd economy is doing good, but the problems are humongous. Economy is currently growing because of agriculture and textile boom. Bd needs to find new ventures to invest in and needs to attract new investors. India and China are both ready to help Bd join the asian growth race.

bangladesh will see more gdp growth in the coming years. because of low labour costs ,low cost of production,boom in agriculture,good relations with regional n intr powers

Same thing about Pakistan, but only if you use that advantage properly. Pakistan could have been the poster child of asian economies. Its has certainly failed on that part.
 

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